Petrobras Rig-Builder Said Close to Receiving Delayed BNDES Loan

Brazil’s BNDES development bank is expected to authorize as soon as next week the first disbursement of a 10 billion-real ($3.8 billion) loan to Sete Brasil Participacoes SA, ending a two-year delay that threatened to send the oil-rig supplier into default, two people with direct knowledge of the matter said.

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